Craig Wright Will Be Able to Fight Bitcoin Copyright Claim in UK After Winning Appeal

“This significant ruling … enables Dr. Wright to advance his claim for copyright in the Bitcoin File Format which potentially affects all future use, and marketing, of Bitcoin and will prove to be a crucial development in intellectual property law,” Damon Parker, a partner at U.K. law firm Harcus Parker, said in a statement.

Continue Reading

The UK Financial Conduct Authority Is Designing Prudential Requirements for Firms Carrying out Crypto Activities

The regulator, which is in charge of maintaining a registry of crypto firms approved for operations under the country’s anti-money laundering requirements, will also consult on prudential rules for companies engaged in crypto activities once the “Treasury and Parliament bring those activities under our regulation,” the regulator said in its annual report published Thursday.

Continue Reading

House of Lords Passes U.K. Bill to Help Seize and Freeze Crypto Used for Crime Like Money Laundering, Terrorism

The U.K.’s Economic Crime and Corporate Transparency Bill, which will help law-enforcement agencies seize and freeze crypto used for crime, took a step closer to entering the statute book after being passed by Parliament’s upper chamber on Tuesday.

Continue Reading

UK Gov Has No Plans for a ‘Crypto Tsar’ as Proposed by Lawmakers, Economic Secretary Andrew Griffith Says

“There have been some suggestions by fellow parliamentarians that crypto assets are more akin to gambling I refute that, that is not the government’s position,” Griffith said. “The right regulator[s] [are] the financial regulators with their deep expertise and understanding of issues like how to ensure markets are fair, how to protect consumers.”

Continue Reading

UK Charity Commission Issues Nonprofits Guidance for Accepting Crypto Donations

In a July 2022 blog, the Commission’s Assistant Director of Policy Sam Jackson said that crypto could become a “more mainstream route to investing, trading, and moving assets,” citing fundraising successes using digital assets in Ukraine, and the U.K.’s own goal to become a crypto hub.

Continue Reading